Petrobank Energy and Resources Ltd. has set its capital budget expectations at $34 million for 2012.
Cenovus Energy Inc. is ratcheting up spending next year as it pushes forward with the expansion of its Christina Lake oil sands project.
ConocoPhillips has started up a $3.8-billion coker and refinery expansion project in Illinois that is part of a joint venture with Calgary oil company Cenovus Energy.
Production from an upgrader at the Syncrude oilsands mine was disrupted Nov. 22, and the biggest partner in the sprawling project said work is underway to get the processing plant running again.
Those who oppose building the Keystone pipeline to the US Gulf Coast suggest the benefits to the American economy are being oversold. It’s a false claim.
Oil sands operator and refiner Cenovus Energy reports net profits more than doubled to $510 million as output rose and the company booked a big hedging gain.
Aecon Group has been awarded two contracts worth $132 million for fabrication and module assembly work for an un-named oil sands operator in Fort McMurray, Alta.
Canada’s environmental record was dealt a double blow on Oct. 4, with a scathing federal audit and a European Commission decision to blacklist oil sands products.
A Deloitte report declares Canada is poised to do for global hydrocarbon-based energy development what Germany has done for the renewable energy research and development and manufacturing sectors.
Global economic issues, escalating costs and environmental issues are making it hard for oil sands companies to forecast and plan. More collaboration may be the answer, says Ernst & Young.
The first phase of Imperial Oil’s massive Kearl oil sands project is about 68% complete and is on schedule despite difficulty getting massive pieces of equipment to the site near Fort McMurray, Alta.
Canada needs to have credible data to defend itself from international criticism of its energy and environmental policy, says a former federal environment minister.
US President Barack Obama has called for a one-third reduction in American oil imports by 2025, describing Canada as one of his country’s energy partners.